COMMUNITY COLLEGE OF CITY UNIVERSITY CITY UNIVERSITY OF HONG KONG Information on a Course offered by Division of Business
(English) Accounting Information Systems (Chinese)
Medium of Instruction:
CM10250 / BUS10250 Financial Accounting
CM20118 Information Systems Management CM20282 Accounting Information Systems
Course Aims: This course aims to: Provide students with the ability to apply the knowledge of computerized accounting system based on sound understanding of accounting and assurance principles, internal controls and business cycles.
Course Intended Learning Outcomes (CILOs) Upon successful completion of this course, students should be able to: 1. Describe the functions of accounting information systems (AIS) and business processes. 2.
Explain the systems development life cycle related to AIS development.
Explain accounting cycles and business processes.
Apply concept, nature and scope of internal controls in AIS.
Apply the concepts and techniques of IS audit and tools in organizations.
Design and Implement AIS using computerized accounting software.
Alignment of the CILOs with the Programme Intended Learning Outcomes (PILOs) of Associate of Business Administration (Accountancy): Programme Intended Learning Outcomes CILOs (Please if the CILO(s) is/are aligned with the PILO (PILOs) 1 2 3 4 5 6 Apply broad-based business knowledge and problem solving skills to a wide range of issues; II. Apply the principles, knowledge and skills of accountancy in academic and work situations in a supervisory role to produce quality outputs; III. Apply the theories, procedures and skills at professional level of audit and assurance, financial reporting, taxation and legal framework to business organisations in balancing the competing interests of various stakeholders IV. Apply interpersonal and communication skills, in English and Chinese, and generic skills like information technology, management, evaluation, quantitative and analytical reasoning, and the skills in the ability to learn how to learn in diverse environments; V. Examine the major socio-political, legal, cultural and economic issues affecting accountancy in the local, national and international contexts; VI. Relate the major ideas in arts and humanities, science and technology to their own area of study.
Keyword Syllabus: (a brief description of the syllabus of the course) Overview of accounting information systems (AIS) Overview of AIS and its subsystems; The role of the AIS in the company value chain; Overview of the five major transaction cycles; Transaction processing: the data processing cycle within AIS; Ledgers, chart of accounts, journals; Batch and on-line processing. Systems development Systems Development Life Cycle (SDLC); Waterfall model and Rapid application development; Prototyping; The role of accountants in SDLC; Behavioral aspects of change; Development strategies for AIS software; End-user computing; Benefits and risks of IT outsourcing; Quality Management; Business process reengineering; Systems implementation and conversion. 2
Information systems documentation techniques Documentation techniques used to understand, evaluate, and design information systems; Preparation and interpretation of data flow diagrams; Interpretation of document flowcharts relating to internal control.; Differences between data flow diagrams and document flowcharts; Fundamental of database systems; Database design using E-R diagram. Business processes Core business processes within the revenue and expenditure cycles; The general ledger and reporting system; Extensible Business Reporting Language (XBRL). Internal control Corporate governance and internal controls; Evaluating internal controls; Effects of information technology on internal control system and audit testing. Controlling accounting information systems Threats and controls in the revenue and expenditure transactions cycles; as well as in the general ledger and reporting system activities. IS audit The impact of information technology (IT) on internal controls and auditor’s control evaluation and risk assessment; IT system organization and internal controls; IT-based audit tools. Implementation of accounting software Establishing a simple accounting system; Record and process the following business transactions; Producing relevant accounting reports and financial statements; Understanding of risks inherent in using accounting software.
Teaching and Learning Activities (TLAs): (designed to facilitate students’ achievement of the CILOs) a. Lectures: Students learn IS and audit concepts, theories, techniques and practical examples through various structured and unstructured teaching activities such as lecturer’s explanation and demonstration of concepts using power points presentation, paper handouts, in class white-board illustrations, or role-play demonstrations, and occasional quiz, neighborhood-discussions, impromptu prompts by lecturers, online or video broadcasts, guest speakers or other appropriate teaching resources. b.
Tutorials: Students learn concepts and applications (1) by solving tutorial problems (2) in an interactive and hand-on approach of practicing the use of an accounting software in a computer laboratory (3) through a combination of above two activities in a single session, (4) in responding to questions from peers and tutors on tutorial solution presented, and (4) through taking part in small group discussion. Self learning Students self taught supplementary through such activities as research or reading reference books and articles that require around 3-5 hours per week, depending on individual needs.
Teaching Schedule: Lecture (hr/week): 2
Other (please specify) (hr/week): ---
Assessment Tasks/Activities: (designed to assess how well the students achieve the CILOs) Type of assessment % Brief Description of assessment tasks/ activities tasks/activities 5 i. Tutorial and 1. This is a continuous assessment carried out throughout the duration of the Laboratory semester in laboratory sessions, tutorial classes. Participation 2. Students are individually assessed on the extent (frequency, quantity) and quality (proactive, nature of solutions or questions raised) of taking part in structured and unstructured learning activities which may include Split group discussion Whole class plenary discussion Written and verbal presentation of solutions to tutorial problems. feedbacks to peers responses to comments from peers and tutor 10 Long, short and True/False or Multiple Choice questions. ii. Mid Term Test Long and short question assess students progression on topics learned in general and in particular on their understanding of the concepts and their respective applications. True/False or MC questions assess higher learning outcomes of analysis and application.
1. Students are given a case study on accounting information system, and are expected to work in groups over the duration of semester 2. Students are assessed, individually and as a group, on depth of issues raised and analysed appropriateness of solutions offered ability to work as a group individual’s contribution with peer’s evaluation being considered quality of presentation quality of written group report
Students are assessed individually on their proficiency in the use of a computerized accounting software such as MYOB to execute accounting transactions and to produce defined accounting reports. Long, short and multiple choice questions. Long questions assess students’ understanding of theories and application thereof on case scenarios, and effectiveness in communicating solutions. Short and MC questions assess students’ understanding of concept and/or simple applications thereof.
Presentation and Reports
iv. Group Assignment
v. Examination (MC questions represent not more than 30% of the total examination marks)
Assessment Schedule (on the basis of Assessment Tasks/ Activities identified above) Examination (%): 50 Duration (Hrs): 3 Coursework (%): 50 Participation (%): 5 Grading Mode: Standard or Pass/Fail* (delete as appropriate) 4
Alignment of TLAs and Assessment Tasks/Activities with the CILOs: TLAs (Please if Assessment (Please if the Assessment(s) is/are the TLA(s) is/are aligned with the CILO aligned with the CILO a. b. i. ii. iii. iv. v. CILOs 1 Describe the functions of accounting information systems (AIS) and business processes. 2 Explain the systems development life cycle related to AIS development. 3 Explain accounting cycles and business processes. 4 Apply concept, nature and scope of internal controls in AIS. 5 Apply the concepts and techniques of IS audit and tools in organizations. 6 Design and Implement AIS using computerized accounting software.